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Business
Latest African business news, latest breaking news from Africa.
Kenya Airways to begin direct U.S. flights
Kenya Airways has announced that it will from October this year begin daily direct flights to the United States to boost its annual revenue.
Namibia suspends imports from Cholera stricken Zambia
The Namibian government has said that importation of all perishable food, fish, fruits, unprocessed food and water from its neighbouring country Zambia would be halted for now due to the cholera outbreak.
Special bar for entrepreneurs opens in Ghana
In Ghana a restaurant that serves largely entrepreneurs and business owners has opened in the country’s capital Accra, and only organic beverages and food are served customers who usually sit to talk business.
MTN, Ericsson to begin 5G trial in Africa
MTN and Ericsson have announced the first 5G technology and applications trial in Africa, which is part of a 5G demonstration starting in the first quarter of 2018.
Algeria bans import of mobile phones and vegetables
Mobile phones are among some 900 products Algeria has temporarily banned from being import into the northern African country.
Opinion: Rwanda’s development model is unique
Rwanda is often touted as an example of what African states could achieve if only they were better governed. Out of the ashes of a horrific genocide, President Paul Kagame has resuscitated the economy, curtailed corruption and maintained political stability.
Samsung forecasts record profits
Samsung Electronics expects to deliver record profits for the last three months of 2017, but the estimate missed analyst expectations.
Tanzania: Licenses of 5 banks revoked
Five banks in Tanzania have had their licenses revoked by the country’s central bank for having inadequate operational capital.
Opinion: Why African Countries Should Buy Bitcoin
Working in or around finance in Ghana requires learning forex markets. You must read Bank of Ghana reports, watch trade flows, foreign fiscal and monetary policy. Because you never know what’s going to happen with the Ghana Cedi – but right now I’m concerned about the US Dollar.
SportPesa cancels all Kenya sponsorship over tax hike
Leading Kenyan betting firm SportPesa has pulled out of all local sports sponsorship with immediate effect after it lost a court case challenging the government's decision to increase tax on gambling revenue from 7.5% to 35%.
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